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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net income $ 329,380 $ 292,302
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 274,801 243,932
Other amortization expenses 3,220 5,878
Provision for loan losses 7,072 18,690
Impairment of assets 27,827 0
Stock-based compensation expense 7,083 7,529
Loss (gain) on derivatives and financial instruments, net 7,651 (2,487)
Loss (gain) on extinguishment of debt, net 0 15,719
Loss (income) from unconsolidated entities 3,692 9,199
Rental income less than (in excess of) cash received (2,119) (26,956)
Amortization related to above (below) market leases, net (565) 114
Loss (gain) on real estate dispositions, net (262,824) (167,409)
Distributions by unconsolidated entities 3,385 0
Increase (decrease) in accrued expenses and other liabilities (30,030) (27,368)
Decrease (increase) in receivables and other assets 43,284 (25,248)
Net cash provided from (used in) operating activities 411,857 343,895
Investing activities:    
Cash disbursed for acquisitions, net of cash acquired (390,802) (237,610)
Cash disbursed for capital improvements to existing properties (69,382) (56,935)
Cash disbursed for construction in progress (48,775) (55,391)
Capitalized interest (4,746) (2,327)
Investment in loans receivable (10,441) (45,452)
Principal collected on loans receivable 10,045 7,210
Other investments, net of payments (3,612) (7,829)
Contributions to unconsolidated entities (137,129) (26,854)
Distributions by unconsolidated entities 3,555 19,724
Proceeds from (payments on) derivatives (357)  
Proceeds from (payments on) derivatives   0
Proceeds from sales of real property 801,392 602,732
Net cash provided from (used in) investing activities 149,748 197,268
Financing activities:    
Net increase (decrease) under unsecured credit facility and commercial paper (742,612) (727,707)
Proceeds from issuance of senior unsecured notes 0 1,036,964
Payments to extinguish senior unsecured notes 0 (1,050,000)
Net proceeds from the issuance of secured debt 44,921 247,163
Payments on secured debt (31,566) (128,113)
Net proceeds from the issuance of common stock 591,001 533,543
Payments for deferred financing costs and prepayment penalties (722) (19,566)
Contributions by noncontrolling interests [1] 9,084 27,860
Distributions to noncontrolling interests [1] (50,124) (21,830)
Cash distributions to stockholders (354,678) (342,803)
Other financing activities (9,599) (7,716)
Net cash provided from (used in) financing activities (544,295) (452,205)
Effect of foreign currency translation on cash and cash equivalents and restricted cash (10,010) 2,352
Increase (decrease) in cash, cash equivalents and restricted cash 7,300 91,310
Cash, cash equivalents and restricted cash at beginning of period 385,766 316,129
Cash, cash equivalents and restricted cash at end of period 393,066 407,439
Supplemental cash flow information:    
Interest paid 140,216 148,487
Income taxes paid (received), net $ 471 $ (250)
[1] Includes amounts attributable to redeemable noncontrolling interests.